Question

The twelve Federal Reserve banks are involved in monetary policy in several ways including the following except​:_________

a. issuing currency.
b. voting on the purchase and sale of government securities that affect both interest rates and the amount of reserves in the banking system.
c. being the final authority for the discount rate.
d. deciding which banks can obtain discount loans.

Answer 1

B

Step-by-step explanation:

The twelve Federal Reserve banks are involved in monetary policy in several ways including the following except voting on the purchase and sale of government securities that affect both interest rates and the amount of reserves in the banking system.